second-price auction used in Google's and Yahoo!'s online advertisement programmes (not incentive compatible) and the Vickrey–Clarke–Groves auction (incentive...

A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items...

Vickrey–Clarke–Groves (VCG) mechanism is a generic truthful mechanism for achieving a socially optimal solution. It is a generalization of a Vickrey–Clarke–Groves...

auction model is discussed in Ashlagi et al. and in the more general assignment problem by Aggarwal et al. and Dütting et al. Vickrey–Clarke–Groves auction...

Vickrey (1926–2011), American painter William Vickrey (1914–1996), Canadian economist Vickrey auction, type of auction Vickrey–Clarke–Groves auction,...

bidding process. Unlike sealed-bid auctions (such as first-price sealed-bid auction or Vickrey auction), an English auction is "open" or fully transparent...

search auction mechanisms, such as the generalized second-price auction and the Vickrey–Clarke–Groves auction. Generalized second-price auction (GSP) is...

and auctions for mining leases. Vickrey auction, also known as a sealed-bid second-price auction. This is identical to the sealed first-price auction except...

incomplete information. Generalized second-price auction Vickrey–Clarke–Groves auction First-price sealed-bid auction AdWords Edelman, Ben; Ostrovsky, Michael;...

An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected...

Auction - Understand How A Dutch Auction IPO Works". Corporate Finance Institute. Mishra, Debasis; Parkes, David C. (May 2009). "Multi-item Vickrey–Dutch...

for example, rules out the classic economic mechanism, the Vickrey–Clarke–Groves auction. Noam Nisan and Amir Ronen first coined "Algorithmic mechanism...

first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. In this type of auction, all bidders simultaneously...

publisher using the second-price auction format. Online auctions often use an equivalent version of Vickrey's second-price auction wherein bidders provide proxy...

A spectrum auction is a process whereby a government uses an auction system to sell the rights to transmit signals over specific bands of the electromagnetic...

Clarke (1877–?), Imperial Wizard pro tempore of the Ku Klux Klan Edward H. Clarke (1939–2013), American economist, of Vickrey–Clarke–Groves auction Edward...

A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller...

A virginity auction is an auction, often publicized online, where a person seeks to sell their virginity. The winning bidder will win the right to be...

Chinese auction is a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's bid. The choice of the...

A Calcutta auction is an open auction held in conjunction with a golf tournament, horse race or similar contest with multiple entrants. It is popular in...

A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible...

risk not selling the item at all. The Vickrey (1961) auction model was later expanded by Clarke (1971) and Groves to treat a public choice problem in which...

possibility and effectively converts the auction to a Vickrey auction, the same as a proxy bidding auction except that all bids are kept secret until...

A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by...

Aalsmeer Flower Auction (Bloemenveiling Aalsmeer) is a flower auction that takes place in Aalsmeer, Netherlands. It is the largest flower auction in the world...

ISBN 9781450325653. This is not true for a Vickrey auction. Suppose the auctioneer in a Vickrey auction sees all the bids, and calculates the maximum...

true valuations. We compare two types of truthful mechanisms. The Vickrey–Clarke–Groves (VCG) algorithm finds the socially-optimal allocation, which is...

The dollar auction is a non-zero sum sequential game explored by economist Martin Shubik to illustrate how a short-sighted approach to rational choice...

Auto auctions are a method of selling vehicles based on an auction system. Auto auctions can be found in most countries and are usually exclusive to licensed...

from the Vickrey–Clarke–Groves auction (VCG-auction) to a minimized path from first passage percolation to gauge how pessimistic the VCG-auction is at its...